This property looks like a bad Long-Term investment with a projected -30.26% first-year return on $178k initial cash invested.
-30.26%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$1,480
Rent
-$4,500
Cashflow
Cash Flow
$1,480 income − $5,980 expenses = $4,500 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,480
Total Expenses
$5,980
Mortgage P&I
318%
$4,704
Property Taxes
40%
$594
Home Insurance
20%
$297
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0